Historical month-by-month and year-by-year returns
Based on 42 calendar years of monthly closes, starting 1985.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +2.2% | +2.4% | 66% | +28.2% | −53.3% |
| February | +1.1% | +1.0% | 57% | +18.8% | −40.0% |
| March | +1.9% | −0.2% | 50% | +72.7% | −25.5% |
| April | +2.2% | +2.2% | 57% | +30.9% | −15.3% |
| May | +2.2% | +1.6% | 57% | +28.9% | −13.0% |
| June | −0.4% | +0.4% | 50% | +17.1% | −29.8% |
| July | +2.8% | +2.8% | 57% | +37.8% | −11.8% |
| August | −0.1% | −0.1% | 47% | +18.9% | −27.9% |
| September | −2.7% | −2.3% | 37% | +12.4% | −34.5% |
| October | +0.1% | +1.2% | 61% | +19.3% | −30.9% |
| November | +2.5% | +2.8% | 61% | +39.1% | −32.8% |
| December | +0.9% | +0.6% | 56% | +21.8% | −14.4% |
| Year | Return |
|---|---|
| 2025 | +25.1% |
| 2024 | +30.5% |
| 2023 | +1.7% |
| 2022 | −25.6% |
| 2021 | +46.8% |
| 2020 | −13.9% |
| 2019 | +42.9% |
| 2018 | −16.5% |
| 2017 | +33.6% |
| 2016 | +31.3% |
| 2015 | −5.9% |
| 2014 | +14.9% |
| 2013 | +34.1% |
| 2012 | +108.8% |
| 2011 | −58.3% |
| 2010 | −11.4% |
| 2009 | +7.0% |
| 2008 | −65.9% |
| 2007 | −22.7% |
| 2006 | +15.7% |
| 2005 | −1.8% |
| 2004 | +16.8% |
| 2003 | +15.6% |
| 2002 | +10.5% |
| 2001 | +37.2% |
| 2000 | −8.6% |
| 1999 | −16.5% |
| 1998 | −1.1% |
| 1997 | +24.4% |
| 1996 | +40.4% |
| 1995 | +54.3% |
| 1994 | −7.9% |
| 1993 | −4.6% |
| 1992 | +26.5% |
| 1991 | +77.6% |
| 1990 | −50.5% |
| 1989 | +69.7% |
| 1988 | +58.0% |
| 1987 | −19.8% |
| 1986 | −5.0% |
| 1985 | +20.7% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.